The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anil Gupta, Sarita Gupta, Rajeev Gupta & Saroj Gupta
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Four promoter family members (Anil Gupta, Sarita Gupta, Rajeev Kumar Gupta, and Saroj Gupta) acquired shares in Panafic Industrials Ltd through a Rights Issue on 26 May 2026. The company undertook a massive capital expansion from 8.21 crore shares to 49.28 crore shares (6x increase). Anil Gupta acquired 3.20 crore shares (6.49%), Sarita Gupta acquired 1.45 crore shares (2.94%), Rajeev Kumar Gupta acquired 2.50 crore shares (5.07%), and Saroj Gupta acquired 75 lakh shares (1.52%). After the acquisition, their combined holding stands at approximately 16.40% of the expanded share capital.
Promoters collectively increased their stake from approximately 2.20% to 16.40% through a rights issue, signaling confidence in the company. The massive increase in share capital dilutes existing shareholders significantly.